Friday, June 3, 2016

FIFA Vs. US Bankgangsters and CEOs

For some reason the US Justice (sic) Department has been hounding FIFA. Here are some of the latest accusations:

The sheer scale of corruption at the top of Fifa was revealed on Friday when lawyers said three high-ranking former officials – Sepp Blatter, Jérôme Valcke and Markus Kattner – had awarded themselves pay rises and World Cup bonuses totalling 79m Swiss francs (£55m).

The lawyers acting for Fifa said the contracted payments were made during the officials’ last five years in office and appeared to violate Swiss law. Evidence will now be given to the US justice department and to Swiss federal prosecutors who are investigating the corruption scandal engulfing the world football body.

“The evidence appears to reveal a coordinated effort by three former top officials of Fifa to enrich themselves through annual salary increases, World Cup bonuses and other incentives totalling more than 79m Swiss francs in just the last five years,” said Bill Burck of Quinn Emanuel, the US law firm retained by Fifa during its corruption crisis.

You can read the rest @
https://www.theguardian.com/football/2016/jun/03/blatter-valcke-and-kattner-awarded-themselves-55m-in-bonuses-say-fifa-lawyers

But for some other reason, the DOJ has not prosecuted what appears to be massive financial crime in the US itself:

... not a single high-level executive has been successfully prosecuted in connection with the recent financial crisis, and given the fact that most of the relevant criminal provisions are governed by a five-year statute of limitations, it appears likely that none will be. It may not be too soon, therefore, to ask why.

You can read the rest @
http://www.nybooks.com/articles/2014/01/09/financial-crisis-why-no-executive-prosecutions/

Why is that? Perhaps the FIFA bosses took millions, but US financial thugs stole billions and perhaps trillions of dollars. And we're just going to let them get away with it?

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